DAX Starts Weaker – Possible Conflict Escalation in Syria

By 11/04/2018News

11/04/2018 – 09:45 am: The leading German index starts into the middle of the week behind negative signs. On the one hand, the Dax is paying tribute to yesterday’s upswing, and on the other a possible US military strike in Syria is causing uncertainty. While the trade conflict between the USA and China has recently been eased, the geopolitical risks in the Middle East are now increasing.

A military escalation with the direct involvement of the United States and possibly also France in response to the alleged use of chemical weapons by Syrian armed forces is now proving to be a further burdening factor. The latter then already put pressure on share prices in Nippon. As a result, the Japanese Nikkei closed behind a minus of 0.5 percent. In view of these risks, the international stock markets are likely to remain highly volatile.

In addition to further developments in the potential trade war and Syrian crisis, investors today are now looking in particular at economic figures from the other side of the Atlantic. In addition to US inflation data and real incomes for the month of March, the FOMC meeting protocol of the US Federal Reserve is on the agenda.

At the moment, the Dax can limit its loss again and is 0.2 percent weaker at 12,368 points. By contrast, the Euro can increase by a moderate 0.2 percent to currently USD 1.2382. Gold currently trades at USD 1,345, a gain of 0.3 percent per troy ounce.

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